The Office of Naval Research has issued a Provisional Fringe Benefit rate for Michigan Tech. Effective July 1, 2015, the regular non-student employee fringe rate of 37.5%, temporary employee rate of 12.5% and graduate student employee rate of 9.4% will be applied to all funds, including active sponsored projects. The provisional rates should be used on Sponsored Programs proposal budgets, with a sponsor submission deadline after July 8, 2015.
In accordance with the Fiscal Year 2016 Provisional Fringe Benefit rate agreement, the rate effective July 1, 2015 are as follows:
New rates effective July 1, 2015 are as follows:
- Regular non-student rate: 37.5%
- Summer/additional rate: 20.0%
- Graduate student rate: 9.4%
- Temporary employee rate: 12.5%
- Undergraduate rate: 0%
The provisional rates are temporary and the final rates are expected in the next few months. If the final rate agreement varies from the provisional rate agreement a memo will be sent outlining any changes to active sponsored projects and Sponsored Programs proposal budgets.